"As increased industrial efficiency makes it possible to procure the means of livelihood with less labor, the energies of the industrious members of the community are bent to the compassing of a higher result in conspicuous expenditure, rather than slackened to a more comfortable pace. ...this want ...is indefinitely expansible, after the manner commonly imputed in economic theory to higher or spiritual wants. It is owing chiefly to the presence of this element in the standard of living that J. S. Mill was able to say that "hitherto it is questionable if all the mechanical inventions yet made have lightened the day's toil of any human being.""
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Academics from England19th-century philosophersPhilosophers from EnglandEconomists from EnglandClassical economists
Original Language: English
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Thorstein Veblen, The Theory of the Leisure Class: An Economic Study of Institutions (1899)
https://en.wikiquote.org/wiki/John_Stuart_Mill
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John Stuart Mill
1806 – 1873
englischer Philosoph
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